ICT power of 3 concept

When daily bias is bullish:

• 3 components that make up generic price action
  • Accumulation phase - longs or shorts accumulated
  • Manipulation phase - price goes opposite direction to what intended future direction will be
  • Range expansion / Distribution

1. Confirm London session was bullish
   • Measure of bullishness after an attempt to go lower was rejected and price has seen a rally + Daily bias bullish
2. Wait for 7AM NY time to stalk for longs
3. Between 7AM - 9AM NY time, setup will typically form
4. After 7AM NY time, wait for price retracement lower
5. NY session will typically retrace from a swing high intraday that was formed for daily high or a short term high during London session
6. Ideally select retracements of at least 20 pips lower
7. If no retracement of 20 pips form by 9AM - don’t take anything
8. If it does form - enter on 62% fib as it drops
9. Expect price to retest high of day or previous day’s high ⇒ Look for targets 1 & 2 on the fib

EXAMPLE

• Vertical line denotes 7AM NY time